regulatory and legislative

Proposed: Employee and Retiree Access to Justice Act

Representative Mark DeSaulnier (D-CA) has introduced HR 7740 – the Employee and Retiree Access to Justice Act.

FuturePlan ERISA Team

Defined Contribution Plan

Defined Benefit Plan

Legislative updates

IRS Announces Applicable Federal Rates for June 2022

The IRS issued Revenue Ruling 2022-10, which contains the applicable federal rates (AFR) for June 2022.

FuturePlan ERISA Team

IRS

IRS Relief for New Mexico Wildfire and Wind Victims

The IRS announced the postponement of certain tax-related deadlines for victims of wildfires and straight-line winds in New Mexico.

FuturePlan ERISA Team

Defined Contribution Plan

IRS

IRA

IRS Further Extends Temporary Relief from Physical Presence Requirement for Retirement Plan Consents

The IRS has provided additional temporary relief from the physical presence requirements for certain participant elections through December 31, 2022.

FuturePlan ERISA Team

Defined Contribution Plan

IRS

Small Business Retirement Proposals Introduced in Senate

Senator John Hickenlooper (D-CO) has introduced two retirement bills in the Senate.

FuturePlan ERISA Team

Legislative updates

Defined Contribution Plan

Financial Freedom Act Proposed in Senate

Senator Tommy Tuberville (R-AL) has introduced the Financial Freedom Act.

FuturePlan ERISA Team

Defined Contribution Plan

DOL

Legislative updates

SEC Extends Comment Period for ESG Reporting Proposal

The SEC has extended the period to comment on its proposed rule regarding climate-related disclosures initially released in March, and published in the federal register on April 11, 2022.

FuturePlan ERISA Team

Defined Contribution Plan

Defined Benefit Plan

IRS Proposes Update to Mortality Tables Used for DB Plans

The Department of Treasury and IRS have released proposed regulations to update the mortality tables that are used to calculate minimum required contributions for single-employer defined benefit pension plans.

FuturePlan ERISA Team

Defined Benefit Plan

IRS

IRS Issues Proposed MEP Rule

To help expand access to MEPs, the IRS has released proposed regulations, which provide a welcome exception to the unified plan rule.

FuturePlan ERISA Team

IRS

IRS Guidance

Washington Pulse

Defined Contribution Plan

IRS Releases Revised 2021 Publication 590-B

The IRS has issued a revised 2021 Publication 590-B, Distributions from Individual Retirement Arrangements (IRAs).

FuturePlan ERISA Team

IRA

IRS

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